Are you ramping up for a busy season? Need to hire employees on a large scale? Just don’t have time or the capability to hire and onboarding your employees? When a business hires an employee, it assumes all responsibility for liabilities, costs, and HR tasks associated with that employee. However, not all businesses want that responsibility or need help with a portion of the responsibility. Essentially, the HR responsibilities and requirements of your contingent workers are shifted to an organization that serves as the employer for tax purposes. They become their official W-2 Employer of Record. The client company still maintains control over business operations and responsibility for workplace safety and compliance. The employer of record assumes responsibilities such as:
- Processing payroll
- Employee onboarding
- Employment verification
- Advertising for open positions via job boards
- Pre-screen telephone interview services
- Video interviewing
- Time and attendance
- Issuing W-2s
- Completing I-9 forms
- Offering and administering benefits
- Background checks and drug screenings
- National wage & salary reports research
What are the Benefits of Using an EOR?
Minimize your payroll costs
Payroll experts keep your business compliant with the latest tax and withholding requirements. Your company can remove this resource-draining activity by outsourcing to an all-in-one payroll solution and save money at the same time.
Reduce your HR administration tasks
Free up your resources to focus on growing your business instead of managing HR by offloading tasks. Removing focus on HR issues and tasks can potentially save hours.
Your contract workers are correctly insured and compliant with tax regulatory agencies nationwide, meaning, your company is not at risk of dealing with tax trouble. This is especially important when dealing with payroll processing and employment laws in multiple states. The employer of record stays up-to-date on the state and local laws so you don’t have to.